Current investments

UBE is a producer of sustainable bioethanol and electricity from sugar cane in the State of Sao Paulo in Brazil. UBE operates 40,000 ha of leased arable land reserves, state-of-the art mechanised production and a mill with a crushing capacity of 2.5 million tonnes.

UAC is a global leader in the supply of cost-leading solutions for containment, storage and transportation of large volumes of hydrogen, biogas, and CNG based on the use of advanced glass fibre composite material technology. UAC is located in Kristiansand, Norway, but is also the leading partner of a joint venture established outside Shanghai, China. This JV is preparing to construct a cutting-edge factory 2 1/2 times the size of UAC’s planned capacity.

Umoe Mandal (UM) is an international leader in advanced composite applications for the maritime, oil & gas, and naval industries. The company developed and constructed the Norwegian Navy’s Skjold class corvette vessels, the fastest naval vessels in the world. UM has since used this expertise and experience to develop a unique CTV (crew transfer vessel), optimised for fast transportation of personnel to and from offshore wind farms.

Umoe Industries (UI) is specialised in complete deliveries of anode superstructures, cathode shells and complete deliveries of anode rods to aluminium smelters. The company also carries out maintenance projects, e.g., for Hydro Aluminium Karmøy. UI is located at Karmøy, with production subcontractors in Poland and in China.

Umoe Sterkoder owns and develops roughly 145,000 m² of industrial property at Melkvika (60,000 m²) and Dale (85,000 m²) just outside Kristiansund.

Umoe is a minority owner of Jordanes, which owns the branded consumer goods company Scandza, The Feelgood Company, a brand house and e-commerce company, the distributor Bonaventura Scandza, and restaurant owner and operator Dely.

Ocean Sun (OS) is a technology leader in the new and rapidly growing industry of floating solar (FPV/floating photovoltaics). OS has filed and been granted patents in key markets such as the US, Europe, China, and Brazil, and operates a highly scalable and asset-light business model, receiving a technology license fee per installed watt. 

OS is listed on Euronext Growth, and Umoe owns 8,9% of the shares.